Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Our guidance reflects a recast of the guidance range and 2024 base. Our growth rate expectation is unchanged. Our guidance assumes limited impact on combustible and e-vapor product volumes from enforcement efforts in the illicit e-vapor market and assumes NJOY ACE does not return to the marketplace this year.
I think there is a very good probability that sometime this summer, you're going to see one big bill get done that's going to deal with a lot of the regulatory reform, energy, releasing the shackles from the energy industry, and for making permanent, you know, the 2017 tax cuts and also incrementally adding for certain folks, you know, no tax on tips, Social Security, you know, for the elderly, and a whole bunch of other things that are gonna be positive.
we are proactively trimming our full-year gross margin expectations by 150 basis points at the low end and 100 basis points at the high end of our prior range to account for these additional costs and the potential for additional market uncertainty over the coming quarters.
The instability of U.S. policy has, for the first time, raised questions about the status of the dollar as the world's reserve currency.
the potential impact of tariffs creates a wide range of possibilities, including potential slowdown in consumer industrial activities.
the tariffs that were announced were broader and deeper than they had originally contemplated
As of today, the direct impact of the current tariffs is immaterial to our financials. However, the indirect impacts of current tariffs related to future and demand and supply chain remains unknown.
Tariffs are a concern for everybody as is regulatory uncertainty.
To the extent that higher capital costs are realized, we expect an ability to pass those along to customers and maintain our targeted returns on capital.
Accordingly, the price increases were an effort to offset both rising costs across non-material and material categories, as well as a portion related to the current trade policy actions.